ManpowerGroup Inc. (NYSE:MAN) CFO John T. Mcginnis Purchases 8,000 Shares

ManpowerGroup Inc. (NYSE:MAN) CFO John T. Mcginnis purchased 8,000 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was acquired at an average price of $62.28 per share, for a total transaction of $498,240.00. Following the completion of the transaction, the chief financial officer now directly owns 70,639 shares of the company’s stock, valued at approximately $4,399,396.92. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

ManpowerGroup Stock Up 2.2 %

Shares of NYSE MAN opened at $63.62 on Friday. ManpowerGroup Inc. has a 1 year low of $61.53 and a 1 year high of $80.25. The firm’s 50 day moving average price is $71.12 and its 200 day moving average price is $72.36. The firm has a market cap of $3.03 billion, a P/E ratio of 65.59 and a beta of 1.45. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.14 and a current ratio of 1.14.

Analysts Set New Price Targets

Several analysts have recently commented on MAN shares. BMO Capital Markets lowered their price target on shares of ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating on the stock in a research report on Friday, October 18th. JPMorgan Chase & Co. lowered their price target on shares of ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, July 19th. Truist Financial lowered their price target on shares of ManpowerGroup from $78.00 to $74.00 and set a “hold” rating on the stock in a research report on Friday, October 18th. Finally, UBS Group decreased their target price on shares of ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating on the stock in a research report on Friday, October 18th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, ManpowerGroup has an average rating of “Hold” and an average price target of $76.60.

Institutional Trading of ManpowerGroup

Several institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC increased its holdings in shares of ManpowerGroup by 55.3% during the 2nd quarter. AQR Capital Management LLC now owns 1,608,368 shares of the business services provider’s stock worth $112,264,000 after buying an additional 573,027 shares during the last quarter. Pzena Investment Management LLC acquired a new stake in shares of ManpowerGroup during the 2nd quarter worth $24,508,000. Millennium Management LLC increased its holdings in shares of ManpowerGroup by 163.7% during the 2nd quarter. Millennium Management LLC now owns 407,970 shares of the business services provider’s stock worth $28,476,000 after buying an additional 253,287 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of ManpowerGroup by 4.7% during the 2nd quarter. Victory Capital Management Inc. now owns 4,125,887 shares of the business services provider’s stock worth $287,987,000 after buying an additional 183,527 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of ManpowerGroup by 4.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,299,985 shares of the business services provider’s stock worth $160,539,000 after buying an additional 103,059 shares during the last quarter. 98.03% of the stock is owned by hedge funds and other institutional investors.

ManpowerGroup Company Profile

ManpowerGroup Inc provides workforce solutions and services worldwide. The company offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands. It also offers various assessment services; training and development services; career and talent management; and outsourcing services related to human resources functions primarily in the areas of large-scale recruiting and workforce-intensive initiatives.